Monument St Calhan, CO 80808

Property Details for Monument St

Lot size

4.06 lot acres

Property type

Commercial real estate

Description

This exceptional investment opportunity presents a thriving 20-lot mobile home park nestled in the desirable Colorado Springs bedroom community of Calhan, Colorado. The park sits on a spacious 4.06-acre lot and boasts a remarkable current capitalization rate of 6.90%, with a projected upside pro forma capitalization rate of 11.51%, indicating significant growth potential. The property includes 20 developed, generously sized lots, each equipped with city utilities. Currently, the park features three mobile homes owned by the park itself, five homes under rent-to-own agreements, and six vacant but developed lots ready for immediate occupancy or future development. Two additional undeveloped lots offer further expansion possibilities. This turnkey operation presents a rare chance to acquire a well-established, high-performing asset with substantial upside potential. The property is being sold in accordance with Colorado Revised Statute 38-12-217. Detailed financial information is available upon request. This is a truly exceptional opportunity for a savvy investor seeking strong returns and long-term growth in a thriving Colorado market.